Moody's rates Clark University, Mass., bonds Aaa/VMIG 1

Moody's Investors Service said it assigned ratings of Aaa/VMIG 1 to $52 million of Massachusetts Development Finance Agency variable-rate demand revenue bonds, Clark University issue, series 2008.

Sale of the bonds is expected on March 27.

The bonds are supported by a letter of credit from TD Banknorth NA, rated Aa2 for long-term deposits and P-1 for short-term deposits. Moody's currently rates Clark University A2.

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